The US Securities and Exchange Commission (SEC) has fined popular television star Kim Kardashian for advertising illegal crypto securities on social media.
According to the latest developments from the US Securities and Exchange Commission, Kim Kardashian has been accused of illegally promoting crypto securities.
In the said statement, without sharing the payment received for the promotion with the authorized institutions. EthereumMax Kardashian, who was accused of posting a crypto-asset security offered and sold by the company on social media, $1.26 million fine agreed to pay.
According to the SEC report, Kardashian Instagram for EthereumMax sharing via received $250,000 and did not share this information with authorized institutions.
Kardashian said in the content that she made the promotion, “not investment advice” and “advertisementHe made statements such as “. Today, it is known that many phenomena advertise in this way and give advice on social media. It seems that the yet unregulated cryptocurrency market no one is as safe as they think.
by popular artist $1.8 billion known to have a net worth.